sothebys to host major sale in abu dhabi larry gagosian talks discreet art dealing curator flees thailand over arrest fear and more morning links for september 25 2025 1234753625

Sotheby's will host a landmark exhibition in Abu Dhabi on October 1-2, 2025, at the Bassam Freiha Art Foundation, showcasing masterworks by Vincent van Gogh, Paul Gauguin, Frida Kahlo, Edvard Munch, René Magritte, and Camille Pissarro, collectively valued at $150 million. This marks the first public fine art exhibition ever staged by Sotheby's in Abu Dhabi and the most valuable presentation the auction house has held in the Middle East. Separately, Larry Gagosian discussed the art market recession at Puck's Art of Influence conference, noting that private sales are rising as collectors shy away from auction houses. Other news includes controversy over Cai Guo-Qiang's performance in Tibet, a curator fleeing Thailand over arrest fears, and declining sales at Sydney Contemporary.

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Artnet News reports on the November 2025 day sales in New York, following the evening sales that signaled a market comeback. Hot lots included Gertrude Abercrombie's "Message for Mercy" (1950), which sold for $1.2 million at Sotheby's, setting a new auction record for the artist. Other strong performers were Julia Jo's "Rhyme or Reason" (2022) at Christie's for $203,200 and Mary Abbott's "Forest of Dak" (1965) at Phillips for $167,700. Top flops included Jacques Lipschitz's "Tete" (conceived 1915), which sold for $152,400 against a $300,000–$400,000 estimate at Sotheby's, and Sterling Ruby's "SP44" (2008), which underperformed at Christie's.

sothebys charles stewart supply and demand 1234761813

Sotheby's CEO Charles Stewart told CNBC that the art market has entered a new phase this fall, with supply finally catching up with demand after months of strong bidder activity. New York's marquee auction houses are preparing for sales expected to total more than $1.4 billion, a roughly 50% jump from last year, driven by major consignments including the estate of Leonard Lauder (55 works valued at over $400 million, led by Gustav Klimt's Portrait of Elisabeth Lederer) and collections from Jay and Cindy Pritzker. Christie's highlights include a Monet Nymphéas, a David Hockney portrait, and a Mark Rothko, each estimated at $40–60 million.

sothebys newly relocated to the breuer building reintroduces itself to new york 1234760682

Sotheby's has relocated its New York headquarters to Marcel Breuer's iconic Brutalist building on Madison Avenue, formerly home to the Whitney Museum, the Met Breuer, and a Frick Collection outpost. After a renovation by Herzog & de Meuron that restored original gallery proportions and upgraded infrastructure, the auction house is inaugurating the space with a series of exhibitions featuring three major single-owner collections—Leonard A. Lauder, Cindy and Jay Pritzker, and Exquisite Corpus—estimated at over a billion dollars. Highlights include Gustav Klimts from the Lauder trove, a Van Gogh still life from the Pritzker collection, a Frida Kahlo painting expected to set a record for a woman artist, and a Basquiat work in the contemporary evening sale.

sothebys matthew carolyn bucksbaum magritte jean dubuffett 1234756446

Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

dealers and advisers trying to live like collectors morning links 1234749862

Art adviser Ralph DeLuca argues in Cultured that recent gallery closures, bankruptcies, and lawsuits in the art market are driven by dealers and advisers trying to live like their ultra-wealthy clients, a lifestyle he says clients resent in commission-based vendors. He also suggests that art focused on identity politics and virtue signaling no longer resonates with collectors, who are shifting toward passion and connoisseurship. Meanwhile, Artsy’s Maxwell Rabb offers a more optimistic take, framing the market downturn as an opportunity for reinvention, with quotes from CLEARING’s Babin and ADAA director Kinsey Robb about cutting through market 'fluff' and embracing creative change.

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New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

abu dhabi to host most expensive art exhibition staged by sothebys in the middle east valued at 150 m 1234753618

Abu Dhabi will host the most expensive art exhibition ever staged by Sotheby's in the Middle East on October 1 and 2, valued at approximately $150 million. The exhibition features six masterpieces by Vincent van Gogh, Paul Gauguin, Frida Kahlo, René Magritte, Camille Pissarro, and Edvard Munch, sourced from major private collections including those of Leonard A. Lauder, Cindy and Jay Pritzker, and Matthew and Kay Bucksbaum. It takes place at the Bassam Freiha Art Foundation on Saadiyat Island Cultural District and marks Sotheby's first public fine art show in the UAE, ahead of its Abu Dhabi Collectors' Week in November.

john pritzker donates 188 dada surrealist works to the metropolitan museum of art new york 1234751101

John Pritzker, a Top 200 collector and Metropolitan Museum of Art trustee, has donated 188 Dada and Surrealist works by 37 avant-garde artists to the Met. The Bluff Collection includes pieces by Man Ray, Marcel Duchamp, Max Ernst, Francis Picabia, and others, spanning collages, paintings, photographs, objects, and rare publications. Many works will feature in the museum's upcoming exhibition “Man Ray: When Objects Dream,” opening September 14, which includes 35 Man Ray pieces from the collection. The gift also establishes a research program funded by the John Pritzker Family Fund.

sothebys to open its new breuer building hq on november 8 with blockbuster exhibition 1234749349

Sotheby's has announced November 8 as the opening date for its new headquarters in the iconic Breuer Building at 945 Madison Avenue, New York. The auction house purchased the building from the Whitney Museum in 2023 and commissioned Pritzker Prize-winning architects Herzog & de Meuron, along with PBDW Architects, to renovate the landmarked structure. The opening will feature a blockbuster exhibition of modern and contemporary art, followed by major sales the week of November 17. The building, designed by Marcel Breuer and completed in 1966, previously housed the Whitney Museum, the Metropolitan Museum of Art, and the Frick Collection.

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On Thursday night, Sotheby’s held a three-part sale of Impressionist, Modern, and Surrealist art at the Breuer Building in New York, generating $304.6 million against a cumulative estimate of $218.8 million to $301.2 million. The smallest sale, 13 lots from the collection of Cindy and Jay Pritzker, achieved a “white glove” result with $109.5 million, led by Vincent van Gogh’s *Romans Parisiens (Les Livres jaunes)* (1887) which sold for $62.7 million. The Surrealist offering, “Exquisite Corpus,” from the collection of Nesuhi and Selma Ertegun, featured Frida Kahlo’s *El sueño (La cama)* (1940) which set a record for the artist at $54.7 million, becoming the most expensive work by a woman artist at auction (nominal price).

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A painting by Swiss-French artist Félix Vallotton, *Femme couchée dormant (Le Sommeil)* (1899), sold for $2.8 million at Sotheby’s New York on Thursday night, exceeding its high estimate of $2.5 million. The work was part of the Pritzker Collection sale, which also featured masterpieces by Van Gogh, Matisse, and Gauguin. Vallotton’s auction record remains at nearly $4.5 million, set by *Cinq heures* (1898) at Christie’s London in late 2023.

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The Rachofsky House, a landmark contemporary art residence in Dallas designed by Pritzker Prize-winning architect Richard Meier, has been quietly listed for sale off-market by Compass agent Faisal Halum. The 9,000-square-foot home at 8605 Preston Road has been owned for decades by prominent collectors Howard and Cindy Rachofsky, who annually hosted the Two x Two gala there, raising over $130 million for amfAR and the Dallas Museum of Art. Howard Rachofsky confirmed the sale, citing his age (81) and ongoing estate planning.

In New York, Sotheby's Exhibition-Sales Are Packed

À New York, les expositions-ventes de Sotheby’s font salle comble

Sotheby's New York has experienced an unprecedented surge in public attendance at its exhibition-sales held in the iconic Breuer Building. In just two weeks, over 25,000 visitors—a 3.8-fold increase from the previous year—queued around the block to see works by artists like Gustave Klimt, Maurizio Cattelan, and René Magritte, with total attendance from November to late January reaching 46,325. The crowds, reminiscent of a major museum show, initially overwhelmed staff, who had to manage the flow to preserve the viewing experience for high-value clients.

The story behind the Van Gogh still life that looks destined to become his most expensive Paris painting

Van Gogh's 'Parisian Novels' (November-December 1887) will be the leading lot in the Pritzker sale at Sotheby's, New York on 20 November, with an estimate of $40 million. The still life, depicting 22 books and three pink roses, has been consigned by the estate of Cindy Pritzker, who died in March at age 101. The painting was created during Van Gogh's time living with his brother Theo in Paris and was among the first three works publicly exhibited during his lifetime, at the Société des Artistes Indépendants in March 1888. The Pritzker collection sale also includes 36 other works estimated at $120 million, featuring pieces by Paul Gauguin and Henri Matisse.

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ArtTactic's year-end report reveals that the global art auction market rebounded to $4.55 billion in 2025, an 11.1% increase from 2024. Sotheby's saw a 17% sales jump and Christie's a nearly 7% rise. Historic single-owner sales, including estates of Leonard Lauder, Cindy and Jay Pritzker, and Pauline Karpidas, drove recovery with $884.9 million in total. Old Masters, Impressionist, and modern art surged 42.3% year-on-year, while contemporary and post-war art lagged. The trophy market (works over $10 million) grew 19.4% to $1.48 billion, led by Impressionist art up 80.4% to $1.04 billion, fueled by three Gustav Klimt canvases from the Lauder collection.

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Christie’s evening sale of 21st-century art on Wednesday achieved $123.6 million in total sales, including 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson. The top lot was Christopher Wool’s *Untitled (RIOT)* (1990), which sold for $19.8 million. The sale had a 97 percent sell-through rate, with 36 of 45 lots guaranteed, and the hammer total of $99.7 million exceeded the presale low estimate of $87.5 million. A notable moment was a seven-minute bidding war for a Diego Giacometti coffee table owned by Edlis and Neeson, which sold for $3.65 million against a $1.5–2.5 million estimate.

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

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On Thursday night, Sotheby’s concluded a week of evening sales with a three-part modern art auction that achieved $304.6 million, far exceeding its pre-sale estimate of $211.3–$289.3 million. The evening featured 13 works from the collection of Cindy and Jay Pritzker, which sold for $109.5 million, followed by the 'Exquisite Corpus' Surrealist sale from Selma Ertegun’s collection totaling $98 million, and a multiple-owner modern art auction that brought in $97 million. The standout was Frida Kahlo’s self-portrait *El sueño (La cama)* (1940), which sold for $55 million, setting records for Kahlo, a Latin American artist, and a female artist at auction. Vincent van Gogh’s *Piles de romans parisiens et roses dans une verre (Romans parisiens)* (1887) achieved $62.7 million after a seven-minute bidding war.

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Sotheby's will open its first auction season in the Breuer building this fall with the Pritzker collection, a private cache of paintings never before seen outside a Chicago living room. The collection, built by Cindy and Jay Pritzker, carries an overall estimate north of $120 million, with the lead lot being Vincent van Gogh's 1887 still life *Romans Parisiens (Les Livres jaunes)*, estimated at close to $40 million. Other highlights include works by Paul Gauguin, Henri Matisse, Max Beckmann, Ernst Ludwig Kirchner, Joan Miró, Camille Pissarro, and a 15th-century sea chart by Petrus Roselli.

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Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

Frida Kahlo self-portrait sells for $54.7m at Sotheby's, breaking her auction record

Sotheby's held three back-to-back evening sales in New York on November 20, achieving a combined total of $252.9 million ($304.5 million with fees). The highlight was Frida Kahlo's self-portrait *El sueño (La cama)* (1940), which sold for $54.6 million with fees, setting a new auction record for the artist, for a Latin American artist, and for a female artist. The sales included 13 lots from the estate of Cindy and Jay Pritzker, a group of Surrealist works from an unnamed collection, and a multiple-owner Modern art sale featuring collections from the Bucksbaum family and Geri Brawerman.

Sotheby’s secures $120m Pritzker and $400m Lauder collections, with works by Matisse, Munch and Van Gogh

Sotheby’s has secured two major private collections for its autumn New York sales: the Pritzker collection, estimated at $120 million, and the Lauder collection, valued at around $400 million. The Pritzker collection includes Vincent van Gogh’s *Romans Parisiens* (1887) with a $40 million estimate, while the Lauder collection features Gustav Klimt’s *Portrait of Elisabeth Lederer* (1914-16) estimated at over $150 million, along with works by Matisse, Munch, and Martin. The sales will take place at Sotheby’s new headquarters in the Breuer Building this November.

Metropolitan Museum gifted 188 Dada and Surrealist works

The Metropolitan Museum of Art has received a promised gift of 188 Dada and Surrealist works from collector and trustee John Pritzker, known as the Bluff Collection. The gift includes pieces by Man Ray, Max Ernst, Marcel and Suzanne Duchamp, Jean Arp, Lee Miller, and others, with 35 works debuting in the upcoming exhibition "Man Ray: When Objects Dream" (14 September 2025 – 1 February 2026). Pritzker is also donating over 100 books and ephemera, and funding a new research initiative, the Bluff Collaborative for Research on Dada and Surrealism, through his family fund.

Bing Crosby’s collection brings a white-glove Christmas to Sotheby’s

Sotheby's achieved a white-glove auction of Bing Crosby's personal collection in New York, selling all 100% of lots for $6.7 million against an estimate of $3.9–$6.3 million. Highlights included musical arrangements from Crosby's 1954 film *White Christmas* ($19,050), a Tiffany & Co cigarette box gifted by John F. Kennedy ($15,240), a Sheraton-style grand piano from *High Society* ($95,250), and a Fabergé sapphire mouse ($355,600). Top prices were led by paintings by Sir Alfred James Munnings ($1.2 million) and Charles Marion Russell.

Sotheby’s Has Set a Debut Date for Its Landmark Breuer Building Headquarters

Sotheby's has announced that its new headquarters in the iconic Breuer Building at 945 Madison Avenue will open on November 8. Originally designed by Marcel Breuer for the Whitney Museum of American Art in 1966, the building later housed the Met Breuer and the Frick Collection during its renovation. Sotheby's purchased the Brutalist landmark from the Whitney two years ago and has renovated it with Pritzker Prize-winning architects Herzog & de Meuron and PBDW Architects, adding auction rooms and state-of-the-art gallery spaces while preserving original features like bluestone floors and concrete walls. The opening will coincide with a major modern and contemporary art exhibition, followed by fall marquee sales the week of November 17.

Booming stock market is fueling a mega-billion return to classic art and a backlash to junk

A booming stock market and increased disposable income among the ultra-wealthy have fueled a $2.2 billion fall auction season in New York, led by Gustav Klimt's "Portrait of Elisabeth Lederer," which sold for $236.4 million at Sotheby's. Other major sales include Frida Kahlo's "El sueño (la cama)" setting a record for a female artist at $55 million, and Mark Rothko's "No. 31 Yellow Stripe" fetching $62 million at Christie's. The surge is attributed to a convergence of high-quality estates coming to market—including those of Leonard Lauder, Robert and Patricia Ross Weis, and Jay and Cindy Pritzker—and renewed confidence among wealthy buyers after a stagnant period for art prices.

Art sales surge with artists like Picasso and Warhol in demand: Guggenheim

Art sales are surging after a two-year slump, according to prominent Canadian art advisor Barbara Guggenheim, CEO of Barbara Guggenheim Associates. In an interview with BNN Bloomberg, Guggenheim noted that collectors are now prioritizing quality, seeking established artists like Picasso and Warhol, and that fresh-to-market works are attracting strong bids. Recent record-breaking sales include Frida Kahlo's self-portrait for $54.7 million and Gustav Klimt's 'Portrait of Elisabeth Lederer' for $236.4 million at Sotheby's. The middle market remains robust, with works like Stuart Davis's 'Municipal' selling for $1.5 million, while lower-priced pieces under $30,000 are harder to guarantee as investments.

In a ‘K-shaped’ economy, the art market's recovery could rely on the super-rich

Sotheby's and Christie's held a series of high-profile auctions in New York in late 2025, generating a combined $2.2 billion from major collections including the Leonard A. Lauder collection, the Cindy and Jay Pritzker collection, and the Robert F. and Patricia G. Ross Weis collection. Star lots included Gustav Klimt's portrait of Elisabeth Lederer ($236.4m), a Vincent van Gogh still life ($62.7m), a Frida Kahlo self-portrait ($54.7m), and a Mark Rothko abstract ($62.2m). Despite these strong results, the total was still 30% below the equivalent sales in 2022, and the article notes a growing number of contemporary gallery closures in 2025.